A10 REIT is marketing bonds backed by short-term loans on “transitional” commercial properties, according to DBRS.

The $377 million deal, dubbed A10 TAF 2017-1, is backed by 30 loans secured by 52 commercial properties. The collateral of the underlying loans primarily consists of traditional property types of office, retail, industrial and multifamily, with minimal exposure to assets with very high expense ratios, such as hotels or property types where conventional takeout financing may not be as readily available.

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